Business, international

International economy; a medium term perspective

Article Abstract:

In the 1980's the global economy recorded its highest growth rate of 4.5%. Since then debt has increased substantially, some say as a result of the easing of restrictions on money supply that took place in many Western economies. The reunification of Germany has also weakened a formerly strong economy. Inflation has remained stable, and the currency markets have concentrated on European currencies. Statistical tables show the expected trends.

International economy; mixed fortunes

Article Abstract:

It is expected that the Group of Seven countries will experience growth of 3% by 1994. The US economy showed signs of recovery in late 1992, and growth was up to 5% by the end of that year. The Japanese economy is expected to recover in late 1993. In Europe generally a recovery is not expected, and economic output may not improve until 1994. Some observers expect the Spanish and Portuguese currencies to undergo further devaluation.